KUALA LUMPUR : The ringgit opened marginally higher against the US dollar in the early session on Friday because of deal chasing exercises in the market.
At 9am, the ringgit was cited at 4.2100/2160 to the US dollar from 4.2110/2170 at Thursday's nearby.
Kenanga Research said the ringgit's execution was because of assumption taking after amended information discharged by Bank Negara Malaysia indicating huge bond auction by outside financial specialists in September.
"The national bank reexamined the September bond auction figure to RM8.4bil from the underlying RM1.4bil," it said in a note.
In the mean time, the ringgit debilitated against a wicker bin of real monetary forms.
It slipped against the yen to 4.0551/0624 from 4.0522/0599 on Thursday and fell against the Singapore dollar to 3.0412/0458 from 3.0400/0461.
The ringgit was down against the euro to 4.6499/6583 from 4.6409/6480 and fortified against the British pound at 5.1484/1570 from 5.1332/1409.
More Info : Forex
HNI Services, Malaysian Forex Signals, Forex
Trading Malaysia, Intraday
Forex Signals, Currency
Trading Tips
No comments:
Post a Comment